[Música] Él es Marco Antonio Pérez, asesor de cooperación internacional para el desarrollo. Él nos dice, "Planea con estrategia, actúa con propósito, inspira con pasión. " Bienvenido, Marco Antonio. El cine podríamos decir que es una de las formas más populares de contar historias en los últimos 100 años. Posiblemente ha cambiado la forma de ver el cine, sobre todo después de la pandemia. Ya no necesariamente lo tenemos que ver en una sala, lo podemos ver desde nuestra casa en streaming. Y la psicología, es ...

Financial Data and Key Metrics Changes - Fiscal year 2025 total sales were slightly below the previous year due to persistent inflation and consumer pullback on discretionary spending [4] - Fourth quarter net sales increased by 2.9% year-over-year to $23,200,000, driven by strong Baby Boom product sales [8] - Full year net sales for fiscal 2025 were $87,300,000, a slight decrease from $87,600,000 in the prior year [11] - GAAP net loss for the fourth quarter was $10,800,000, primarily due to a $13,800,000 goodwill impairment charge [10] - Adjusted net income for the year was $1,000,000, translating to adjusted diluted earnings per share of $0.10 [12] Business Line Data and Key Metrics Changes - The Baby Boom acquisition contributed $11,900,000 in net sales, but this was offset by declines in legacy business lines [11] - Gross profit margin for the fourth quarter decreased to 18.3% from 23.2% in the prior year, attributed to higher tariffs and increased expenses [9] - Marketing and administrative expenses rose by 17% year-over-year due to increased advertising costs and expenses from the Baby Boom acquisition [10] Market Data and Key Metrics Changes - The company faced challenges due to uncertainty around U.S. tariff policy, impacting sales from imports [4] - The transition to using distributors in Europe is expected to enhance international sales over time [32] Company Strategy and Development Direction - The company is focused on long-term growth through acquisitions and expanding product offerings, including the recent acquisition of Baby Boom Consumer Products [5] - Plans to mitigate tariff impacts include working with manufacturers and retail partners to absorb costs [17] - The company aims to explore product and channel expansions to increase sales and market share [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic headwinds affecting consumers and the company, but emphasized steps taken to position for long-term success [16] - The most pressing challenge is navigating the impact of tariffs, with a current expectation of a 30% tariff on goods ordered [17] - Management expressed optimism about future growth opportunities and the integration of acquisitions [16] Other Important Information - Cash flow from operations for 2025 was $9,800,000, an increase from $7,100,000 in the prior year [13] - The company paid $0.32 per share in cash dividends, marking the fifteenth consecutive year of dividend payments [14] Q&A Session Summary Question: Update on warehouse status - The company is still exploring options for the warehouse but has focused on tariffs recently [23] Question: Outcome of the New York Toy Show - The sales and product development team received positive feedback and wrote some orders at the Toy Fair [25] Question: Status of the Stella doll redesign - The new Love Stella line has been well-received, aided by marketing efforts including mentions by Meghan Markle [26] Question: Sales to LEGOLAND - Sales to LEGOLAND increased in fiscal 2025, with expectations to be the only plush supplier in the park soon [29] Question: Development of licensed diaper bags - The company is excited about potential licensed diaper bags but is facing challenges due to tariffs [30] Question: Update on tax credit for baby products - No recent updates on the potential tax credit for parents have been heard [31] Question: Impact of using distributors in Europe - The transition to distributors is expected to positively impact international sales [32] Question: Redesign of the Manhattan Toy website - The redesigned website has improved user experience and is driving more traffic [34]

Core Viewpoint - Disney and Universal have initiated a copyright lawsuit against Midjourney, marking a significant legal confrontation between major Hollywood studios and generative AI technology [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in federal district court in Los Angeles, alleging that Midjourney has pirated the libraries of Disney and Universal to create and distribute unauthorized copies of their iconic characters, including Darth Vader and the Minions [2][8]. - The complaint describes Midjourney as a "quintessential copyright free-rider" and emphasizes that the use of AI does not exempt the company from copyright infringement [3][5]. Group 2: Company Response and Context - Disney and Universal claim that Midjourney has ignored their requests to cease infringing activities and to implement technological measures to prevent such image generation [6]. - Midjourney's CEO, David Holz, previously characterized the service as a "search engine" for images, suggesting that copyright concerns should evolve alongside human creativity [7][10]. - The lawsuit is part of a broader trend, with increasing legal actions against AI developers, including cases against OpenAI and Anthropic, and a notable trial involving Getty Images and Stability AI in London [12].

Core Viewpoint - Disney and Universal have initiated a copyright infringement lawsuit against AI company Midjourney, labeling it a "bottomless pit of plagiarism" and marking a significant legal confrontation between Hollywood studios and AI firms [3][4]. Group 1: Lawsuit Details - The lawsuit, filed in federal district court in Los Angeles, accuses Midjourney of unauthorized use of Disney and Universal's intellectual property, including iconic characters like Darth Vader, Elsa, and Minions [4][5]. - The studios claim that Midjourney has generated high-quality reproductions of their characters without permission, using their copyrighted works to train its image generation service [4][6]. - Disney and Universal are seeking unspecified monetary damages and a preliminary injunction to prevent further infringement and to enforce copyright protections [8]. Group 2: Company Actions and Revenue - Prior to the lawsuit, Disney and Universal approached Midjourney regarding their copyright concerns, requesting the implementation of measures to prevent infringement, which Midjourney allegedly ignored [6][8]. - Midjourney reportedly generated $300 million in revenue last year through paid subscriptions, indicating a significant financial incentive for the company to continue its operations despite the legal challenges [7]. Group 3: Context of Legal Action - This lawsuit represents the first major legal battle between major entertainment studios and an AI company, following previous lawsuits from independent artists against Midjourney and other generative AI firms for similar copyright issues [3][8]. - A California federal judge previously ruled that artists had a plausible case against Midjourney and other AI companies for copying and storing their work, allowing litigation to proceed [8].

Hasbro (HAS) FY 2025 Annual General Meeting May 21, 2025 11:00 AM ET Speaker0 Hello, and welcome to Hasbro's twenty twenty five Annual Meeting of Shareholders. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Richard Stoddart, Chair of the Board of Directors of Hasbro. Mr. Stoddart, the floor is yours. Speaker1 Good morning, ladies and gentlemen. I'm Rich Stoddart, the Chair of the Board of Directors of Hasbro. It is my pleasure to welcome you to Hasb ...

President Donald Trump has his sight set on a new sector with threats of tariffs to keep more things made in America.Here's a look at what's Trumps comments on the "dying" movie industry mean.What Happened: On social media, Trump threatened the movie industry with tariffs on movies produced "in foreign lands," a move that could impact companies like Walt Disney Co DIS, which generates billions of dollars at the box office annually."The Movie Industry in America is DYING a very fast death. Other Countries ar ...

US stock indices seemed to be heading for a moderately positive start to trading on Thursday, before reports emerged from Japan that dented the market's confidence.  Futures for the S&P 500 were down 0.25% at the time of publication, having been up almost as much the other way an hour earlier. Dow Jones futures were down 0.5% and those for the Nasdaq were 0.3% in arrears.  The spark that hit markets was a report that Japan intends to push back against any US effort to bring it into an economic bloc aligned ...